Colorado Statutes
§ 11-30-115 — Power to borrow and loan money
A credit union may borrow from
any source a total sum which shall not exceed fifty percent of its shares, deposits,
and undivided earnings. No credit union shall loan more than ten percent of its
assets to any member or to another credit union.
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Legislative History
Source: L. 31: p. 303, � 15. CSA: C. 47, � 15. L. 41: p. 376, � 15. L. 53: p. 239, �
1. CRS 53: � 38-1-15. C.R.S. 1963: � 38-1-15. L. 67: p. 320, � 12. L. 84: Entire section
amended, p. 375, � 7, effective July 1.
Nearby Sections
15
§ 11-10.5-101
Short title§ 11-10.5-102
Legislative declaration§ 11-10.5-103
Definitions§ 11-10.5-104
Applicability of article§ 11-10.5-105
Authority of banking board§ 11-10.5-107
Eligible collateral - uninsured public deposits§ 11-10.5-109
Verification of collateral held - reports required§ 11-10.5-110
Procedures when event of default occurs§ 11-10.5-112
Annual fees and assessments§ 11-101-101
Short title§ 11-101-102
Declaration of policy§ 11-101-201
Effect on existing banks§ 11-101-301
Application of code§ 11-101-302
No private right of action